Top: 1.36243
Bot: 1.36083
How is a Bull trap formed? 3 replies
EUR/USD Scalp 1 min 886 replies
Helper EAs for Semi-auto trading and Manual trap setting 0 replies
15 min indicator on 5 min chart 3 replies
DislikedIt was at 8:25 EST, the trap was only 9 pips high but I think it's still legit. I noticed this entry immediately but decided to pass it because of the news. It went up 13 pips but right after the news went south like a crazy.Ignored
DislikedYes, it is moving down nicely, with 1.3661 it would already hit my 30 pips TP. Well, we live and we learn! Probably the next time I will be thinking not about the news, but about the system's rules!Ignored
Dislikedforexforex, are you able to answer my questions on page 18 ?
which pairs are you trading at the moment ?
thanksIgnored
DislikedA runner is when I take half off and leave the other half and let it run all the way with Stop Loss set close to breakeven.
For, example: Live right now >>> I went long @ 1.3626 with 2 lots. When it reaches my target at 1.3656 I take 1 lot off with a profit of 30 pips. I let the other lot run all the way north and set the SL to 1.3625, so if it goes south I only lose 1 pip. My runner usually is implemented when When I see clear trend, otherwise, I exit all at the target
I only trade EURUSD.
I use 1 hour TF to confirm my trades. I like to see...Ignored
Dislikedhow would you confirm the trend using 1 hour chart ? how many candles do you look at ? eu is long term bearish at present.Ignored
DislikedI look at the previous day, sometimes 2 days, and also the current day. No specific numbers of candles. Then I draw lines where i see the support and resistance or the point where Support/resistance are separated, then If the trap happens above the line I take the long. If it happens below the line I take the short. The probability of my wins have been increased since i have been doing this.Ignored
DislikedHello,
As I said in chat, in an effort to filter out some bad trades,
especially in volatile US session,
here are 2 indies that Draw S/R
One for monthly - weekly - daily open
and the other that needs GTM 0+ or +1 broker time (eg. Interbank - alpari UK) draws daily Fibonacci S/RIgnored
DislikedHey Raz
thanks for sharing the strategy with rest of us.I have a question considering what to do when we are stopped by sl. Should I execute sell (becose it waits on the other side of the tunnel) order or this price trap is busted and I have to wait for another to form in order to start new trade
ThanksIgnored
DislikedThat would qualify as a mini trap for me. Good for 5 to 10 pips. It doesnt have the depth. Well, that is how I look at it.Ignored